Total segment sales for the three-month period ended February 28, 2013 were $80.6 million compared to $65.5 million for the prior year period. Cement sales increased $15.1 million from the prior year period. Our Texas market area accounted for approximately 71% of cement sales in the current period compared to 69% of cement sales in the prior year period. Average cement prices increased 2% in our Texas market from the prior year period. Average cement prices decreased 3% due to a change in product mix in our California market from the prior year period. Shipments increased 27% in our Texas market area and 22% in our California market area.
Cost of products sold for the three-month period ended February 28, 2013 increased $5.1 million from the prior year period primarily due to higher shipments. Cement unit cost of sales decreased 15% from prior year period primarily due to higher shipments offset slightly by higher fuel and power costs.
Selling, general and administrative expense for the three-month period ended February 28, 2013 decreased $1.4 million from the prior year period primarily due to our work force reduction initiatives.
Other income for the three-month period ended February 28, 2013 increased $0.9 million from the prior year period primarily due to higher royalties.Aggregates Operations
|Three months ended||Nine months ended|
|In thousands except per unit||February 28, 2013||February 29, 2012||February 28, 2013||February 29, 2012|
|Stone, sand and gravel sales||$ 22,021||$ 16,829||$ 77,911||$ 60,022|
|Total segment sales||30,820||22,616||112,012||81,780|
|Cost of products sold||28,106||23,825||100,294||76,203|
|Selling, general and administrative||(900)||(1,341)||(2,763)||(4,441)|
|Operating Profit (Loss)||$ 2,109||$ (1,291)||$ 9,629||$ 2,494|
|Stone, sand and gravel|
|Prices ($/ton)||$ 7.27||$ 7.12||$ 7.25||$ 7.21|
|Cost of sales ($/ton)||$ 6.46||$ 7.47||$ 6.12||$ 6.62|
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